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Nov 16, 2012
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that's 22% over the next five weeks. we're a buyer of apple. >> all right. zach, you're not, though, are you? >> 635 is awfully precise, rich. i'm glad your price target was 666, otherwise we would have had to head for the hills. look, i love apple as a company. i love apple products. i've held the stock for ten years. but once you've -- and i've been saying this long before the recent pullback. i'm wrong about a lot of things. i was right about this one. once you become a $500 billion company that is, you know, an overweight of 6, 7%, it is awfully difficult to continue that run. other people take profits, as they've been doing, i think, wrongly ahead of a fear of dividend tax rates. then you have just the issue of, you know, where does this become an overweight again? a 7% overweight. >> right here, zach. if becomes an overweight right here, down 25% from that high. ten times earnings. 0.5 peg. this is the premier company in consumer electronics. this is a once in a lifetime opportunity. this is a great trade. premier company, no question about it. premier
that's 22% over the next five weeks. we're a buyer of apple. >> all right. zach, you're not, though, are you? >> 635 is awfully precise, rich. i'm glad your price target was 666, otherwise we would have had to head for the hills. look, i love apple as a company. i love apple products. i've held the stock for ten years. but once you've -- and i've been saying this long before the recent pullback. i'm wrong about a lot of things. i was right about this one. once you become a $500...
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Nov 13, 2012
11/12
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this morning norquist was asked if. he saw president obama's reelection as a voter mandate to enact his tax plan and it's clear from his response conservatives are running out of material. >> we just had an election. and the house of representatives was elected to keeping taxes low. the president was elected on the basis he was not romney and romney was a poopy head and you should elect romney. >> he said he won not on policy, but because democrats painted romney as a poopy head. desperate times call for desperate measures with the looming fiscal cliff. even bill crystal is calling for a serious call. tonight in our survey, i asked you will republicans in congress finally work for the american people? 28% said yes, so optimistic, 72% of you said no. i hate to see it, but i'm a 72%er tonight. >>> coming up the ceo of papa johns is complaining about the cost of obama care. you might believe just how much money this guy makes. sam stein of "the huffington post" is here with the latest. >>> the founder and ceo of papa johns
this morning norquist was asked if. he saw president obama's reelection as a voter mandate to enact his tax plan and it's clear from his response conservatives are running out of material. >> we just had an election. and the house of representatives was elected to keeping taxes low. the president was elected on the basis he was not romney and romney was a poopy head and you should elect romney. >> he said he won not on policy, but because democrats painted romney as a poopy head....
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Nov 12, 2012
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it's a little of a catch 22. they will catch up eventually, i hope with political will, with but right now acknowledging the problem just floods the va with people who need services. >> so, david, i want to give you the last word from your reporting in this area. where is the va in terms of catching up to the very different foreign policy challenges and returning veterans challenges that we have today. >> ari, i'm going to pull a pivot. i don't want to talk about that. i want to talk about something else, which ties in both the petraeus story and veterans. >> well, we have a rule that if you want a pulitzer, you can completely ignore the host's questions. so you're fine today. >> fair enough. i forge on. the thing that struck me about the petraeus story is the damage that this puts on the troops and veterans. because, look, the military, for the last 10 or 15 years, has emphasized that it's a values-based organization, and the primary value that i hear talked about all the time, particularly in combat among what
it's a little of a catch 22. they will catch up eventually, i hope with political will, with but right now acknowledging the problem just floods the va with people who need services. >> so, david, i want to give you the last word from your reporting in this area. where is the va in terms of catching up to the very different foreign policy challenges and returning veterans challenges that we have today. >> ari, i'm going to pull a pivot. i don't want to talk about that. i want to...
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Nov 12, 2012
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they're trying to deny his legitimacy still. >> not all. >> grover norquist is. >> and speaker boehner has said they're ready to be led. >> thank god for one reasonable person. >> he says he's the most reasonable. >> we'll see what happens in january, though. he has that radical right wing tea party caucus to deal with in the house. i want to see them come to grips with reality. >> great pleasure having you both on. as people continue to suffer in the wake of hurricane sandy, thousands are homeless and without power. the american red cross is trying to push back against criticism from storm victims. >> they take people's hard-working money to assist people, and then when push comes to shove, they don't assist. >> so the red cross is not disputing that, but also calls its response, quote, flawless. many of the people you're looking at in that video do not believe the response has been flawless. we'll talk with nbc news senior investigative correspondent lisa myers regarding the red cross backlash that's going on. congressman allen west loses re-election, but he's not going down. even af
they're trying to deny his legitimacy still. >> not all. >> grover norquist is. >> and speaker boehner has said they're ready to be led. >> thank god for one reasonable person. >> he says he's the most reasonable. >> we'll see what happens in january, though. he has that radical right wing tea party caucus to deal with in the house. i want to see them come to grips with reality. >> great pleasure having you both on. as people continue to suffer in the...
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Nov 12, 2012
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boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority -- we won the popular vote if you add up the house races as well. look, i think it's in both parties' interest to avoid the fiscal cliff. neither of them want it for a whole host of reasons, including it will be damaging to the economy. we learned recently that president obama in august of 2011 was kind of ready to do a nixon goes to china moment on entitlements and i think that's still on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right no
boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority --...
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Nov 13, 2012
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the national league award went to bryce harper, outfielder for the washington nationals who hit 22 home runs, second most ever for a teenager in the league. and we head west to the american league rookie, los angeles angels of anaheim mike trout takes the crown with the most steals out of anyone for the season and second best batting average hitting .326 in just his first season. >> bill: all right. >> good for the nats. >> he's 20 now. he's a teenager no more. a love letter is written to the woman who was the inspiration for the hit rolling stone song brown sugar are headed to auction. cbs tells us that the notes that mick jagger wrote to his former lover marsha hunt are going to sotheby's to being auctioned off. a set of ten letters detailing their delicate love affair around 1970 o will likely fetch well over $100,000. >> bill: why is she selling those? >> they're in some collection or some attic or whatever. they're going to the auction block. steamy details. >> did he call her brown sugar in the letters? >> i don't know. rule's have to buy them for $100 and find out. >> bill: this
the national league award went to bryce harper, outfielder for the washington nationals who hit 22 home runs, second most ever for a teenager in the league. and we head west to the american league rookie, los angeles angels of anaheim mike trout takes the crown with the most steals out of anyone for the season and second best batting average hitting .326 in just his first season. >> bill: all right. >> good for the nats. >> he's 20 now. he's a teenager no more. a love letter...
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Nov 12, 2012
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veterans number 22 million. they include over 1.5 million women, almost 9% are african-american. 4.5%, latino and .5% asian american or pacific islander. this poem was quoted in a recent defense memo about not forgetting veterans. it says, take up our quarrel with the foe, to you from failing hands we throw, the torch be yours to hold it high. and to remember the over 41 million veterans who have served the country over 238 years. >> unbelievable. thank you so much, richard lui. our little tribute to veterans. you can never do it enough. that's going to wrap up this hour of "jansing & co." i'm chris jansing. thomas roberts is up next. >> good morning. the agenda next hour, who knew what and when about cia director retired general david petraeus' extramarital affair? new insights into the why the storied military leader through in the towel and quit a week before testifying on the hill about the benghazi consulate attack. >>> and america is going kicking and screaming toward the fiscal cliff. can president obama
veterans number 22 million. they include over 1.5 million women, almost 9% are african-american. 4.5%, latino and .5% asian american or pacific islander. this poem was quoted in a recent defense memo about not forgetting veterans. it says, take up our quarrel with the foe, to you from failing hands we throw, the torch be yours to hold it high. and to remember the over 41 million veterans who have served the country over 238 years. >> unbelievable. thank you so much, richard lui. our...
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Nov 12, 2012
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house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. i don't understand why republicans don't take obama's offer? >> cnn's senior congressional correspondent dana bash is live for us in washington, d.c. what do you make of his comments? >> soledad, look, bill kristol is not an elected official. he doesn't get a vote. but he is a very influential gop voice here in washington. and around the country. and for him to tell republicans it wouldn't kill to them to agree to tax increases for millionaires. it's a big deal. and we heard some similar talk from republicans who do have a vote like senator bob corker. listen to
house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i...
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Nov 13, 2012
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grover norquist who is? he the most powerful man unelected, how did he get all these guys to sign off on that no pledge, no tax pledge? >> no tax pledge. >> the fact it is not going to work like that. americans understand that and held host am, like you said, until there is really a decision. you would agree with most of that do you not, jim, are we going to get any traction in the market? >> i think that the market is showing us exactly where it's at. this slope downward over the last three weeks is telling us that it is concerned but not manic. people were voting on other issues, and now they say this is a mandate on taxes, we can live with that but inconsistent cis on that, but the market is not completely pappiced. it is definitely in a slow, sluggish spot, waiting to hear from them, i don't think we are going to hear much in a while. >> what do you do in this market exkenny? >> tough remain cautious, he is right it is not in a panic mode at all. people who think it is they should realize it, in fact is
grover norquist who is? he the most powerful man unelected, how did he get all these guys to sign off on that no pledge, no tax pledge? >> no tax pledge. >> the fact it is not going to work like that. americans understand that and held host am, like you said, until there is really a decision. you would agree with most of that do you not, jim, are we going to get any traction in the market? >> i think that the market is showing us exactly where it's at. this slope downward over...
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Nov 12, 2012
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>> the way it works, you look at a particular film and somewhere around 20%, 22% of the imax gross falls down to the bottom line over time. i don't think you can look at it on a movie by movie basis. we look at our rolling three-year averages. that's how we kind of budget. it's a portfolio. so films like this will do better than you think. some films won't do quite what you thought. it seems to even out at the end. >> the season for you is going to heat up here as we get in through the holidays and into next year. the tent poles? >> the biggest tent poles still to come this year is "the hobbit." i think it was like a runaway train. a lot of people didn't release movies this year thinking they're going to take away a lot of the box office. from everything i've heard i think that's going to be the case. then into next year we have a lot of films playing in different places in the world including le mis opening in europe at the end of the year. films in china. tent pole films include star trek shot with imax cameras in part. next part of hunger games shot with imax cameras. peter jackson's
>> the way it works, you look at a particular film and somewhere around 20%, 22% of the imax gross falls down to the bottom line over time. i don't think you can look at it on a movie by movie basis. we look at our rolling three-year averages. that's how we kind of budget. it's a portfolio. so films like this will do better than you think. some films won't do quite what you thought. it seems to even out at the end. >> the season for you is going to heat up here as we get in through...
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. >> stephanie: you still you just mentioned john boehner. he is still insisting raising tax rates will destroy jobs. are they going to go back to these old talking points when the american people have spoken so clearly? >> caller: that's not going to work. i don't understand how he's capitulating. many people are trying to figure out whether he's been held captainive again by the tea party folks or whether or not he's going to lead. it's interesting in some of his pronouncements, he said it's time for the president to leave. no it's time for him to leave. he has literally been unable to lead his caucus. this fiscal cliff that we are about to embark on if we don't get changes particularly on that side of the aisle is going to be his responsibility more than anybody else. >> stephanie: i'm looking a the a graph right in front of me. small businesses grew twice as fast with clinton tax rates. that's what we're talking about, right? >> caller: absolutely. you look at how we ended up with, you know, no deficit, et cetera. you can't organs that. i
. >> stephanie: you still you just mentioned john boehner. he is still insisting raising tax rates will destroy jobs. are they going to go back to these old talking points when the american people have spoken so clearly? >> caller: that's not going to work. i don't understand how he's capitulating. many people are trying to figure out whether he's been held captainive again by the tea party folks or whether or not he's going to lead. it's interesting in some of his pronouncements,...
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the only voice out there is grover norquist types. >> [inaudible] >> yeah. if i could just follow up on lisa's question, what, you know, you said you anticipation or you'd like a grand bargain in the lame duck. so what is the process to get to that point? when does the president immediate to -- [inaudible] and is there a concern, is there a concern that the white house could cut a deal with the republicans that could, you know, upset a lot of folks in this your caucus? >> well, look, there are going to be -- when you have so-called grand war gains, there are going to be people on both sides of the aisle who are not completely happen happy. the idea is to get as many happy as possible. certainly 218 happy of them in the house. as i said, it has to be bipartisan. that is, you know, by definition there. um, again, whether the right strategy is for the president to lay out a detailed plan, um, i'm not sure it is. everyone knows where the president stands. as i said, he's had a great deal of detail on a plan, and so the question is doing two things. one, beginnin
the only voice out there is grover norquist types. >> [inaudible] >> yeah. if i could just follow up on lisa's question, what, you know, you said you anticipation or you'd like a grand bargain in the lame duck. so what is the process to get to that point? when does the president immediate to -- [inaudible] and is there a concern, is there a concern that the white house could cut a deal with the republicans that could, you know, upset a lot of folks in this your caucus? >>...
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anti-tax advocate grover norquist thinks so. he will join us next. >> brian: you want a burger for lunch? sorry. one city trying to declare meatless monday. good news for the cow. ♪ it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when i pay, and then i get up to 15% cash back -- put into my account. ♪ i know, right? [ male announc ] introducing bankamerideals, free for online banking customers. sign into your online banking to choose your deals today. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ those surprising little still make you te notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's ri
anti-tax advocate grover norquist thinks so. he will join us next. >> brian: you want a burger for lunch? sorry. one city trying to declare meatless monday. good news for the cow. ♪ it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when i pay, and then i get up to 15% cash back -- put into my account. ♪ i know,...
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Nov 14, 2012
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grover norquist said he thought it was a good statement by speaker boehner, and other people who think we need to generate additional revenues to have a deficit reduction plan also say he made a good statement. it would be good to know exactly what he is talking about. >> how about for you? the whole premise of tax cuts, as we talked about the last 24 hours, is to eliminate deductions and bring down rates. that is what happened in 1986. >> i am talking about, what is our starting point in terms of the rates? what are we negotiating from? are we negotiating down from 35% or from 39%? i want to emphasize this point -- simpson-bowles, go look at it. they assume the amount of revenue that you would achieve if you allow the tax rate to go up. their tax reform plan is built off an assumption that you will get the amount of revenue as if he started at 39% and went down. they begin with what they call the plausible baseline, which presumed this decoupling. my view is that if we want to take simpson-bowles as our framework, which i think we should in terms of the revenue and cats, budget cuts,
grover norquist said he thought it was a good statement by speaker boehner, and other people who think we need to generate additional revenues to have a deficit reduction plan also say he made a good statement. it would be good to know exactly what he is talking about. >> how about for you? the whole premise of tax cuts, as we talked about the last 24 hours, is to eliminate deductions and bring down rates. that is what happened in 1986. >> i am talking about, what is our starting...
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Nov 14, 2012
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i don't think you're at value at $21, $22. if this drops substantially maybe we have a different discussion in six months. but at these levels the question, can it justify its growth rate? we're struggling to believe that how they're pushing advertising and advise investors to be selling at these levels not buying. >> rich, thank you very much. rich greenfield joining us. we had two bulls on facebook who thought it would rise substantially and a bear. >>> still to come the fiscal cliff and your taxes. find how much they could go up if we go over that cliff. later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's
i don't think you're at value at $21, $22. if this drops substantially maybe we have a different discussion in six months. but at these levels the question, can it justify its growth rate? we're struggling to believe that how they're pushing advertising and advise investors to be selling at these levels not buying. >> rich, thank you very much. rich greenfield joining us. we had two bulls on facebook who thought it would rise substantially and a bear. >>> still to come the fiscal...
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will we see a little move back from that grover norquist line? >> this is another fascinating sign of how much the gop is moving. for mississippi governor haley barbour saying republicans need to look at that. we'll see a fairly conciliatory statement. president obama is also going to say he needs to make some tough choices and will compromise. so at the meeting in washington today, we hear a lot of talk about compromising on both sides. and it's a sign of how they read the electorate. i think it will fade day by day as we get into the heat of negotiations. but coming out of the election, washington sounds extremely differently than it did just a few weeks ago. >> a lot of work to do. mike allen with a look inside the "politico playbook." thanks, mike. >> happy weekend. >>> up next, the knicks undefeated. the knicks are undefeated. a lot of people said they were a fluke, but after last night's win on the road against previously unbeaten san antonio, you can't say that anymore. mike barnicle, brian schactman help us out with sports when "morning j
will we see a little move back from that grover norquist line? >> this is another fascinating sign of how much the gop is moving. for mississippi governor haley barbour saying republicans need to look at that. we'll see a fairly conciliatory statement. president obama is also going to say he needs to make some tough choices and will compromise. so at the meeting in washington today, we hear a lot of talk about compromising on both sides. and it's a sign of how they read the electorate. i...
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we're in like 22 places. >> between now and christmas. >> and we did it because we think learning about america really matters. this is a unique country. it's a learn civilization. you can come from anywhere on the planet and become american. >> what are the messages from this book? you look at george washington, what could a leader today say, wow, george washington did "x" and the takeaway for me is -- >> this is my third novel about george washington. and the message in all three of them is pretty straightforward. we don't have giant problems right now. we have challenges, we have things we've got to get done in 2013. but, washington had giant problems. i mean, they were taking on the greatest empire on the planet, by the time you get to the yorktown campaign they've been fighting for over six years. people are very demoralized. they're very exhausted. british are sitting in manhattan with the royal navy. washington can't drive them out. doesn't have the military capacity to do it. and he knows he can't just keep sitting around, he knows people are getting really tired. and they're go
we're in like 22 places. >> between now and christmas. >> and we did it because we think learning about america really matters. this is a unique country. it's a learn civilization. you can come from anywhere on the planet and become american. >> what are the messages from this book? you look at george washington, what could a leader today say, wow, george washington did "x" and the takeaway for me is -- >> this is my third novel about george washington. and the...
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Nov 15, 2012
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speaker, speaker boehner actually said it well. he said the mandate from the election of last week is for us to find a way to work together on solutions to the challenges we face as a nation. i can't agree more. elections have consequences and our ability to avert the fiscal cliff in which expiring tax cuts and across the board spending cuts are on the course to derail this economy requires us to respect that directive from voters. yet once again, lines are being drawn. you just heard it. over what types of revenue will be considered or what cuts are considered too steep. i hope was not the only one astounded by the comments of the c.e.o. of the american petroleum institute who recently said, quote, the oil and gas industry will not be singled out for punitive repeat, unquote. how fascinating. perhaps i could introduce him to the federal work force, our federal employees who are so far the only group to be singled out for punitive treatment to the tune of $75 billion of deficit reduction. they understand the principle of shared sac
speaker, speaker boehner actually said it well. he said the mandate from the election of last week is for us to find a way to work together on solutions to the challenges we face as a nation. i can't agree more. elections have consequences and our ability to avert the fiscal cliff in which expiring tax cuts and across the board spending cuts are on the course to derail this economy requires us to respect that directive from voters. yet once again, lines are being drawn. you just heard it. over...
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host: this comment by grover norquist from a cbs news story. host: this from nbc news, i apologize. bam >> former u.s. senator evan bayh discusses about the fiscal cliff. then, the global reaction to president obama's reelection. does your e-mail, phone calls, and tweets, "washington journal wife, tuesday. -- live, tuesday. >> congress is back to mar with the ussr representatives. -- tomorrow with the us house of representatives. also at 2:00, and c-span2, live coverage of the senate as members resumed consideration of the sportsman's bill. congressional leaders go to the white house on friday to meet with president obama about kissell issues. >> i enjoy watching booked tv and the rebroadcasts of various television news programs. coverage of the fence about all of the sound bites and the editing ec on other programs. it gives me an opportunity to consume the news and information and make up my own mind about what is going on. c-span is a great way to get an unfiltered view of the day's events. >> dear kengo is watching c-span on comcast. -- derek hill is watching c-span on comcast.
host: this comment by grover norquist from a cbs news story. host: this from nbc news, i apologize. bam >> former u.s. senator evan bayh discusses about the fiscal cliff. then, the global reaction to president obama's reelection. does your e-mail, phone calls, and tweets, "washington journal wife, tuesday. -- live, tuesday. >> congress is back to mar with the ussr representatives. -- tomorrow with the us house of representatives. also at 2:00, and c-span2, live coverage of the...
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and grover norquist says we have to sign a pledge never to raise taxes. that is crazy. what about barack obama and chris christie? it is possible for leaders of both parties to work together and that is what the american people want. >> let me show you the story. a lot of speculation as to whether nancy pelosi will stay on as the house, democratic leader. i wonder she will step down. she raised a lot of money for democrats. >> she is a great leader and a good long time friend of mine. another former chair of the california democratic party. i do not know what is going to happen there. i believe nancy pelosi will remain and should remain the democratic leader of the house. i do not know that -- i have not heard any talk about a challenge. the last thing the democrats need is an internal squabble. they picked up some seats. the got the white house and the senate. i think there agenda ought to be on moving forward with the issues we have talked about. climate change, immigration reform, and text reform and not internal squabbling. >> our guest is bill press. >> might show
and grover norquist says we have to sign a pledge never to raise taxes. that is crazy. what about barack obama and chris christie? it is possible for leaders of both parties to work together and that is what the american people want. >> let me show you the story. a lot of speculation as to whether nancy pelosi will stay on as the house, democratic leader. i wonder she will step down. she raised a lot of money for democrats. >> she is a great leader and a good long time friend of...